Which of These Statements About Recent Trends in Operations and Supply

question 11

Multiple Choice

Which of these statements about recent trends in operations and supply chain management is best?

• A) A lower level of competition exists thanks to an increased level of globalization.
• B) The rate of change in markets is actually lower once inflation is factored in.
• C) Managers tend to make decisions with less information than they used to.
• D) Customers demand for standardization in goods and services has increased.

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Definitions:

Special Order Decisions

Special order decisions involve determining whether a business should accept or decline a custom order that differs from normal sales, considering capacity and costing.

Units Produced

The total quantity of items manufactured by a company during a specific period.

Absorption Costing

An accounting method that includes all manufacturing costs, direct and indirect, in the unit cost of a product.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.